Last week witnessed a significant surge in the combined market valuation of eight of the top ten domestic firms, climbing by Rs 1,69,506.83 crore, mirroring the positive momentum at Dalal Street. Bajaj Finance emerged as the frontrunner, while Infosys, TCS and Reliance Industries also saw substantial gains in market capitalization.
India confronts significant economic and security vulnerabilities due to its heavy reliance on US digital platforms, as highlighted by GTRI. The think tank advocates for a phased “Digital Swaraj Mission” to achieve self-reliance in key technological areas like OS, cloud, cybersecurity, and AI by 2030.
Finance Minister Nirmala Sitharaman indicated the Insurance Amendment Bill, proposing 100% FDI in India’s insurance sector, may be introduced in the upcoming Winter session of Parliament. The enhanced limit aims to attract greater investment, facilitate innovation, and expand coverage, contributing to the goal of ‘Insurance for All by 2047’.
Nayara Energy, part-owned by Russia’s Rosneft, faces challenges securing non-Russian crude due to western shipping companies’ reluctance. This has led to reduced operations at its Vadinar refinery and increased reliance on Russian oil. Despite sanctions and executive resignations, Nayara is exploring alternative contractors for its investment program, while India continues to import significant Russian crude…
Equity markets are poised to react to the US Federal Reserve’s policy meeting this week, with expectations high for an interest rate cut. Wholesale price inflation data and developments in US-India trade relations will also significantly influence market trends. Analysts anticipate that foreign institutional investor flows, rupee-dollar movement, and crude oil prices will further guide…
A recent PwC report indicates that revised GST rates in India are expected to ease household budget pressures, potentially boosting consumer sentiment. The rate adjustments aim to make everyday expenses more manageable, particularly as many consumers are concerned about rising food prices. To manage costs, consumers are adopting strategies like bulk buying and growing their…
India’s primary market is gearing up for a busy period, with over a dozen companies planning IPOs in late September, aiming to raise nearly Rs 10,000 crore. This surge is fueled by policy support like GST 2.0 reforms and RBI rate cuts.
China has introduced a two-year plan to stabilize its car industry amidst price wars and trade tensions. The initiative, spearheaded by eight government departments, focuses on price monitoring and boosting domestic demand. It sets a target of 15.5 million new energy vehicle sales in 2025, while addressing challenges posed by EU and Mexican trade barriers.
India’s property market has attracted nearly $80 billion in institutional investments over the past 15 years, establishing itself as a preferred asset class. Foreign investors have been the primary contributors, but domestic capital is increasingly gaining traction, especially post-pandemic.
Indian home textile exporters are bracing for a 5-10% revenue decline this year due to a steep 50% US tariff imposed in late August. While frontloading of orders and limited competition may cushion the blow, profitability is expected to drop. Companies are looking to diversify into the EU and UK markets to mitigate the impact,…
